According to Goldman Sachs's report, HSBC Holdings will announce the third quarter results on October 27. Goldman Sachs expected basic profit before tax to be US$10.4 billion, up 14% year on year and 1% month on month, 2% higher than market expectations. The bank expects the bank's net interest income to be supported by continued balance sheet expansion and a higher interest rate environment, and credit costs should be generally stable; however, the bank's net interest income is expected to slow down after strong performance in the second quarter, particularly in corporate and institutional banking, while investment banking, debt capital market and stock capital market revenues were unusually strong last quarter. The bank expects HSBC Holdings to announce a repurchase of US$500 million in the third quarter, down from US$1 billion in the next quarter, reflecting continued loan growth, rising interest rates, and other negative overall earnings impacts due to steeper yield curves. The bank slightly reduced the target price of FX Control H shares from HK$193 to HK$192, and maintained the target price of British stocks at 1,860 pence, with a “buy” rating.

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